Los Angeles daily herald., 1887-05-14
A Word TO the Farmers.

A WORD TO the Farmers.
We clip the following market re-
port from tho Rural Press of 9TH
instant:
The wheat syndicate, taking all the
cash wheat offered them at Chicago
on Monday last, has created differ
ent opinion regarding the present
move. Many are now inclined to
the belief that the present specula.
tive move is founded ON something
more substantial than corner. In
this the better informed think they
are correct. and that time will dem
onstrate it. II is claimed that the
present statistical position OF wheat
in the supply and demand markets
OF the world justify u higher range OF
values than now obtains.
The stock OF wheat in this city and
at Port Costa on May lst is given at
over 157 600 short tons, an increase
of "A. 900 tons over the stock on April
1st. The increase is due to heavy
deliveries from interior warehouses
so as to meet Call Board sales. The
stock now on hand is either owned by
the syndicate or will be when the
short sellers make deliveries. The
sales of seller 'S7 wheat on Call are
taken by the same parties.
Eastern crop advices, takeu az
whole, do not warrant estimating the
outrun next harvest at more than 80
per cent. OF last years crop, and
even this percentage will depend
much ON favorable weather for the
next sixty days. In this State, crop
advices are rather conflicting, but,
stripped of the biased opinion OF oper-
ators, 1T is safe to say that the outlook
is far from encouraging, and, except
in few favored counties, the out
| turn will not be more than one-half
of crop. The estimate heretofore
made of 100000 tons is hardly safe,
and can be reduced to $4,000, which
will give us an exportable surplus of
500, 900 tons. Even to obtain this
quantity rains are required.
Corn has SHOWN more strength the
past week, with holders not disposed
to make concessions. Their firmness
is due to the large consumption and
light available supplies here. The
stock on hand is 1904 tons, being
1904 tons less than reported on
| April 1st last.
The barley market has ruled very
strong, with steadily decreasing
stock reported. On January |, the
stock in this city was q, ,275 tons, and
Notwithstanding very heavy receipts,
the stock on May ] was 200 tons.
The exports, both overland and by
sea, aggregate so far this season 49,
910 tons, against about 12,500 tons
last season. The consumption in this
State is very large and constantly in
creasing. Private circulars and re-
ports issued by interested firms are
bearing the market against farmers.
Private circulars or reports are un-
trustworthy and are always according
to how the firm issuing them wants
the market to 20 SO as to make money
for themselves. They wrote against
wheat when it was down, and also
barley, but prices went up.
We wish to call the attention Of our
farmer friends to the last three. SEN
tences of the above report. The
HERALD has always been the farmers
friend, and whenever we have seen
his interests threatened we have
quickly given him warning. IL has
come to our knowledge that the
State is being flooded with circulars
in the interest OF a clique OF men in
San Francisco and other parts OF the
State, who are trying to put down the
prices of grain, so that they can Sc
cure the coming crop at low rate,
and then sell it at an enormous profit.
These same men bought the bulk OF
last years crop at rate ruinously low
tn the farmer, and made profit OF
fifty per cent. upon their investment.
The course pursued TO bring this
about was the same as they are pur-
suing this year. It,was reported that
there were enormous crops in the
Western States, in India and Aus
tralia, and California, and that we
would be unable to work off our own
heavy crop, except at q very low
price. They say that we have now
on hand an immense surplus, which |
is not true. They say there are enor-
nous crops in all the greet wheat
growing countries. This, also, is I'M
true. They report crops in this
State as up to the average,
when the fact is that the State
will yield less than half crop. In
the county of Los Angeles the acreage
sown to grain has been decreasing
ior the past few years owing to the
new orchards and vineyards en-
,roaching upon the grain fields. The Z
act that we had no rain during the